Oil Equipment Cash Position Weight vs. Price to Earning
| OEPIX Fund | USD 110.10 0.11 0.10% |
For Oil Equipment profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Oil Equipment to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Oil Equipment Services utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Oil Equipment's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Oil Equipment Services over time as well as its relative position and ranking within its peers.
Oil |
Oil Equipment Services Price to Earning vs. Cash Position Weight Fundamental Analysis
Oil Price to Earning vs. Cash Position Weight
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Oil Equipment |
| = | 24.55 % |
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Oil Equipment | = | null |
Use Oil Equipment in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oil Equipment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oil Equipment will appreciate offsetting losses from the drop in the long position's value.Oil Equipment Pair Trading
Oil Equipment Services Pair Trading Analysis
The ability to find closely correlated positions to Oil Equipment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oil Equipment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oil Equipment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oil Equipment Services to buy it.
The correlation of Oil Equipment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oil Equipment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oil Equipment Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Oil Equipment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Oil Equipment position
In addition to having Oil Equipment in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Casinos Thematic Idea Now
Casinos
Companies that are related to providing casino-type services across multiple geographical areas. The Casinos theme has 51 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Casinos Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
To fully project Oil Equipment's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Oil Equipment Services at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Oil Equipment's income statement, its balance sheet, and the statement of cash flows.